Cheap Homes for Rent in the Lake Park Neighborhood of Milwaukee, WI from $1,100 (23 Rentals)

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Search the lowest-cost Homes available for rent right now in the Lake Park area of Milwaukee.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 1-23, Page 1 of 1

Lake Park, Milwaukee, WI Local Guide

Cheapest Available Lake Park Apartments for Rent

 

The cheapest available apartment rental in the Lake Park area of Milwaukee, WI is a 1 Bed unit found at RW Apartments I and II priced from $559. The Park at 1824 Student Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $699. Here are the most affordable Lake Park apartments for rent in Milwaukee, WI:

Apartment ListingModel NameBed/BathPriced From
RW Apartments I and II1x1 683sf1BR,1BA$559
The Park at 1824 Student ApartmentsRenovated 3 Bedroom Apartment3BR,2BA$699
1026 E Lyon StRENT SPECIAL - JULY FREE MONTH'S RENT FIRST FLOORStudio,1BA$700
Buckingham ApartmentsSmall StudioStudio,1BA$725
1417 N. Prospect Avenue1417 StudiosStudio,1BA$795

Best Value Apartments for Rent in Lake Park, WI

As of July 09, 2026 the best value apartment in the Lake Park area is the $0.80 price per square foot Two Bedroom Model at Windsor Court Apartments in the in the Haymarket neighborhood starting from $1,600. The second greatest value Lake Park apartment is the 1900 N Oakland Ave Model at 1900 N Oakland Ave, Unit A starting at $1,700 with a $0.94 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Lake Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Windsor Court ApartmentsTwo Bedroom2BR,1BA$0.80
1900 N Oakland Ave, Unit A1900 N Oakland Ave4BR,2BA$0.94
2738 N Murray Ave, Unit 27382738 N Murray Ave3BR,1BA$1.00
San Rafael Apartments3BR/1.0BA3BR,1BA$1.19
2611-2613 N Stowell Ave3 Bedroom3BR,1.5BA$1.31
The Shorecrest3 BR / 2 BA3BR,2BA$1.28
The Belleview Apartments2BR/1.0BA2BR,1BA$1.00
Summerfield2 Bed / 1 Bath + Den2BR,1BA$1.19
3018A N Oakland Ave, Unit 3018A3018A N Oakland Ave2BR,1BA$1.14
The Park at 1824 Student ApartmentsStandard 2 Bedroom Apartment2BR,1BA$1.21

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Lake Park, Milwaukee, WI

Ranked #29

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Lake Park

What type of rentals are currently available in Lake Park?

There are currently 531 Apartments for Rent in Lake Park, WI with pricing that ranges from $559 to $14,000. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Park ranging from $1,100 to $3,445.

What is the current price range for Rental Homes in Lake Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Park ranges from $1,100 to $3,445 with an average monthly rent of $1,862.

How much are larger Three and Four Bedroom Rentals in Lake Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Park range from $649 to $14,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,499 to $3,445. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,700.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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Finding The Best Affordable Milwaukee Neighborhoods to Rent

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then just blocks outside the border, many Milwaukee neighborhoods have been home to friends and family for many years.

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The Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, many of the Milwaukee neighborhoods profiled here have been home to friends and family.

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A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, Milwaukee's neighborhoods have been home to friends and family for years.

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An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters

Written by: Tim Brown

Having grown up in Milwaukee and lived in Waukesha for several years, I have come to realize that the Milwaukee metro area offers diverse employment and housing opportunities.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.